31 July 2015 – Viacom Inc, which received approval from the Foreign Investment Promotion Board (FIPB) to acquire 50 per cent equity stake in Prism TV for Rs 9.4 billion (approximately $153 million) earlier this month, has completed the transaction.
The transaction was completed today (31 July) between Nickelodeon Asia Holdings Pte Ltd., a wholly owned subsidiary of Viacom Inc., and Shinano Retail Private Limited, a company effectively 100 per cent owned by Reliance Industrial Investments and Holdings Limited, a wholly owned subsidiary of Reliance Industries Limited.
Read more at Indian Television